BluePath Capital Management LLC Grows Position in Netflix, Inc. (NASDAQ:NFLX)

BluePath Capital Management LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,456 shares of the Internet television network’s stock after purchasing an additional 163 shares during the period. BluePath Capital Management LLC’s holdings in Netflix were worth $1,033,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NFLX. Silvant Capital Management LLC lifted its holdings in Netflix by 1,916.1% during the 3rd quarter. Silvant Capital Management LLC now owns 59,776 shares of the Internet television network’s stock valued at $42,397,000 after buying an additional 56,811 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Netflix by 20.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,220 shares of the Internet television network’s stock valued at $3,703,000 after buying an additional 903 shares in the last quarter. Dash Acquisitions Inc. bought a new stake in Netflix during the 3rd quarter valued at about $216,000. Capital Advisors Inc. OK lifted its holdings in Netflix by 10.7% during the 3rd quarter. Capital Advisors Inc. OK now owns 6,702 shares of the Internet television network’s stock valued at $4,754,000 after buying an additional 647 shares in the last quarter. Finally, Eads & Heald Wealth Management lifted its holdings in Netflix by 1.7% during the 3rd quarter. Eads & Heald Wealth Management now owns 3,358 shares of the Internet television network’s stock valued at $2,382,000 after buying an additional 55 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Up 0.0 %

NASDAQ:NFLX opened at $756.10 on Friday. The firm has a market capitalization of $323.20 billion, a P/E ratio of 42.79, a PEG ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a 1-year low of $417.10 and a 1-year high of $773.00. The company’s fifty day moving average price is $712.96 and its 200-day moving average price is $664.02. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group set a $750.00 price objective on shares of Netflix in a report on Friday, October 18th. Morgan Stanley boosted their price target on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Guggenheim boosted their price target on shares of Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a report on Tuesday. Finally, China Renaissance assumed coverage on shares of Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $748.15.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the sale, the chairman now owns 85 shares in the company, valued at $60,023.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jay C. Hoag sold 43,750 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the sale, the director now owns 95,040 shares in the company, valued at approximately $65,299,132.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the sale, the chairman now owns 85 shares in the company, valued at approximately $60,023.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 209,810 shares of company stock worth $142,049,542 over the last 90 days. 1.76% of the stock is currently owned by company insiders.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.